Comment by johnea
2 years ago
“Instead of building airplanes, all they cared about was building the bottom line.”
This is the fundamental flaw of modern american capitalism: it's not that profit is the #1 concern, it's that profit is the ONLY concern.
There's a huge difference between the two, the system we have places no balancing considerations against returns. It's not even really "profit", but stock value.
Comensating employees, especially the c-suite, in stock should return to being illegal.
Do you not think these issues will be poor for Boeing shareholders and beneficial to Airbus shareholders?
Can't give stock to employees? The communists will be mad.